Stocks Trading Ex-Dividend on 3/27/2014

The following is a list of companies trading ex-dividend on Thursday, March 27th:

Alico, Inc. (Nasdaq: ALCO) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.2 percent.
Fifth Street Senior Floating Rate Corp. (Nasdaq: FSFR) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 6.9 percent.
Xerox Corp. (NYSE: XRX) declared a quarterly dividend of $0.0625 per share, or $0.25 annualized. This is an 8.7% increase from the prior dividend of $0.0575. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.1 percent.
National Health Investors (NYSE: NHI) declared a quarterly dividend of $0.77 per share, or $3.08 annualized. This is a 4.8% increase from the prior dividend of $0.735. The dividend will be payable on May 9, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5 percent.
Dow Chemical Co. (NYSE: DOW) declared a quarterly dividend of $0.37 per share, or $1.48 annualized. This is a 15.6% increase from the prior dividend of $0.32. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.4 percent. the Company also announced that it has expanded its authorized share buy-back program to $4.5 billion from $1.5 billion of common stock to be completed in 2014. “The Board’s actions today finalize a decision that it has been reviewing on an ongoing basis with particular focus over the last several quarters. The 15 percent dividend increase and the $4.5 billion share repurchase authorization reflect our confidence in Dow's performance and successful strategy to operate in uncertain macro environments. This strategy focuses on our integrated portfolio, with strict productivity metrics and disciplined capital allocation priorities,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “We continue to control operating costs and carefully invest in our integrated business value chains to grow in select higher-margin end-use markets. At the same time, Dow’s financial performance and the significant progress we have made on our balance sheet give us both the confidence and the flexibility to increase our dividend and accelerate our share repurchase program. We are creating significant shareholder value - which always has been and always will be the Board’s and management’s top priority.”
Avalonbay Communities, Inc. (NYSE: AVB) declared a quarterly dividend of $1.16 per share, or $4.64 annualized. This is an 8.4% increase from the prior dividend of $1.07. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.9 percent.
Granite Construction, Inc. (NYSE: GVA) declared a quarterly dividend of $0.13 per share, or $0.52 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.6 percent.
Black Box Corp (Nasdaq: BBOX) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. The dividend will be payable on April 11, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.4 percent.
FirstService Corp (Nasdaq: FSRV) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The dividend will be payable on April 9, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1 percent.
Willis Group Holdings (NYSE: WSH) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 7.1% increase from the prior dividend of $0.28. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.8 percent.
Windstream Holdings (Nasdaq: WIN) declared a quarterly dividend of $0.25 per share, or $1 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 13.3 percent.
Illinois Tool Works, Inc. (NYSE: ITW) declared a quarterly dividend of $0.42 per share, or $1.68 annualized. The dividend will be payable on April 8, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.1 percent.
Towers Watson & Co (NYSE: TW) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.5 percent.
FMC Corp. (NYSE: FMC) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. The dividend will be payable on April 17, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.8 percent.
Yamana Gold, Inc. (NYSE: AUY) declared a quarterly dividend of $0.0375 per share, or $0.15 annualized. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.4 percent.
Post Properties, Inc. (NYSE: PPS) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. This is a 9.1% increase from the prior dividend of $0.33. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3 percent.
Humana, Inc. (NYSE: HUM) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. The dividend will be payable on April 25, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.1 percent.
Pioneer Natural Resources Co. (NYSE: PXD) declared a quarterly dividend of $0.04 per share, or $0.16 annualized. The dividend will be payable on April 11, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.1 percent.
TransCanada (NYSE: TRP) declared a quarterly dividend of $0.48 per share, or $1.92 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.3 percent.
Agrium, Inc. (NYSE: AGU) declared a quarterly dividend of $0.75 per share, or $3 annualized. The dividend will be payable on April 17, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.3 percent.
Nevsun Resources (NYSE: NSU) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 14 percent.
St. Jude Medical, Inc. (NYSE: STJ) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is an 8% increase from the prior dividend of $0.25. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.6 percent.
B&G Foods (NYSE: BGS) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 3% increase from the prior dividend of $0.33. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.5 percent.
Mondelez International, Inc. (Nasdaq: MDLZ) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.6 percent.
Deere & Company (NYSE: DE) declared a quarterly dividend of $0.51 per share, or $2.04 annualized. The dividend will be payable on May 1, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.4 percent.
Skywest, Inc. (Nasdaq: SKYW) declared a quarterly dividend of $0.04 per share, or $0.16 annualized. The dividend will be payable on April 7, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.3 percent.
Kennedy-Wilson Holdings, Inc. (NYSE: KW) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. The dividend will be payable on April 8, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.4 percent.
Apollo Commercial REF (NYSE: ARI) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 9.7 percent.
Edison International (NYSE: EIX) declared a quarterly dividend of $0.355 per share, or $1.42 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.7 percent.
Sun Hydraulics, Inc. (Nasdaq: SNHY) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.9 percent.
Agree Realty Corp. (NYSE: ADC) declared a quarterly dividend of $0.43 per share, or $1.72 annualized. This is a 4.9% increase from the prior dividend of $0.41. The dividend will be payable on April 8, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5.4 percent.
CST Brands, Inc. (NYSE: CST) declared a quarterly dividend of $0.625 per share, or $2.5 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 7.7 percent.
CoreSite Realty (NYSE: COR) declared a quarterly dividend of $0.35 per share, or $1.4 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.4 percent.
Dillards, Inc. (NYSE: DDS) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. The dividend will be payable on May 5, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.3 percent.
Corporate Office Properties Trust (NYSE: OFC) declared a quarterly dividend of $0.275 per share, or $1.1 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.1 percent.
Penn West Petroleum Ltd. (NYSE: PWE) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 7.1 percent.
RF Industries Ltd (Nasdaq: RFIL) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.2 percent.
Chatham Lodging Trust (NYSE: CLDT) declared a monthly dividend of $0.07 per share, or $0.84 annualized. The dividend will be payable on April 25, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4 percent.
U.S. Bancorp (NYSE: USB) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.2 percent.
Beasley Broadcasting Group, Inc. (Nasdaq: BBGI) declared a quarterly dividend of $0.045 per share, or $0.18 annualized. The dividend will be payable on April 10, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2 percent.
Franklin Resources, Inc. (NYSE: BEN) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. The dividend will be payable on April 11, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.9 percent.
Glimcher Realty Trust (NYSE: GRT) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.1 percent.
Ellington Residential Mortgage REIT (NYSE: EARN) declared a quarterly dividend of $0.55 per share, or $2.2 annualized. The dividend will be payable on April 28, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 12.8 percent.
The Ensign Group, Inc. (Nasdaq: ENSG) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.7 percent.
Capstead Mortgage (NYSE: CMO) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. The dividend will be payable on April 17, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 10.6 percent.
Gramercy Property Trust (NYSE: GPT) is resuming its quarterly dividend at $0.035 per share, or $0.14 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.5 percent.
National Fuel Gas (NYSE: NFG) declared a quarterly dividend of $0.375 per share, or $1.5 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2 percent.
Montpelier Re Holdings Ltd. (MRH) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.7 percent.
Hersha Hospitality Trust (NYSE: HT) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.2 percent.
Apollo Residential Mortgage (AMTG) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 9.4 percent.
Mercado Libre, Inc. (Nasdaq: MELI) declared a quarterly dividend of $0.166 per share, or $0.664 annualized. This is a 16.1% increase from the prior dividend of $0.143. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.7 percent.
SL Green Realty Corp. (NYSE: SLG) declared a quarterly dividend of $0.50 per share, or $2 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2 percent.
Douglas Emmett (NYSE: DEI) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3 percent.
Pebblebrook Hotel Trust (NYSE: PEB) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.7 percent.
Hurco Cos, Inc. (Nasdaq: HURC) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. This is a 40% increase from the prior dividend of $0.05. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.1 percent.
LaSalle Hotel Properties (NYSE: LHO) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.4 percent.
RLJ Lodging Trust (NYSE: RLJ) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.3 percent.
First Bancorp (Nasdaq: FBNC) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. The dividend will be payable on April 25, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.7 percent.
Lennox International, Inc. (NYSE: LII) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.1 percent.
Titan International, Inc. (NYSE: TWI) declared a quarterly dividend of $0.005 per share, or $0.02 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.1 percent.
Lions Gate Entertainment (NYSE: LGF) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. The dividend will be payable on May 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 0.6 percent.
Ashford Hospitality Trust, Inc. (NYSE: AHT) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.5 percent.
Alexandria Real Estate Equities (NYSE: ARE) declared a quarterly dividend of $0.70 per share, or $2.8 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.8 percent.
Two Harbors Investment (NYSE: TWO) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. The dividend will be payable on April 21, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 9.8 percent.
BioMed Realty Trust, Inc. (NYSE: BMR) declared a quarterly dividend of $0.25 per share, or $1 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 4.9 percent.
Colony Financial (NYSE: CLNY) declared a quarterly dividend of $0.35 per share, or $1.4 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 6.4 percent.
Granite Real Estate, Inc. (NYSE: GRP) declared a quarterly dividend of C$0.183 per share, or C$0.732 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.9 percent.
Spirit Realty Capital (NYSE: SRC) declared a quarterly dividend of $0.1625 per share, or $0.65 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5.8 percent.
Wheeler REIT (Nasdaq: WHLR) declared a monthly dividend of $0.035 per share, or $0.42 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 9.8 percent.
EPR Properties (NYSE: EPR) declared a monthly dividend of $0.285 per share, or $3.42 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 6.3 percent.
Fifth Third Bancorp (Nasdaq: FITB) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. The dividend will be payable on April 17, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.1 percent.
Boston Properties, Inc. (NYSE: BXP) declared a quarterly dividend of $0.65 per share, or $2.6 annualized. The dividend will be payable on April 30, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.3 percent.
Trade Street Residential, Inc (Nasdaq: TSRE) declared a quarterly dividend of $0.095 per share, or $0.38 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5 percent.
First Internet Bancorp (Nasdaq: INBK) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1 percent.
Lexington Realty Trust (NYSE: LXP) declared a quarterly dividend of $0.165 per share, or $0.66 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5.8 percent.
ESB Financial Corp (Nasdaq: ESBF) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The dividend will be payable on April 25, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3 percent.
Steel Dynamics, Inc. (Nasdaq: STLD) declared a quarterly dividend of $0.115 per share, or $0.46 annualized. The dividend will be payable on April 11, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.7 percent.
IBERIABANK Corp (Nasdaq: IBKC) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. The dividend will be payable on April 25, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.9 percent.
Umpqua Holdings Corp (Nasdaq: UMPQ) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.2 percent.
NGP Capital Resources (Nasdaq: OHAI) declared a quarterly dividend of $0.16 per share, or $0.64 annualized. The dividend will be payable on April 7, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 8.7 percent.
Great Southern Bancorp, Inc. (Nasdaq: GSBC) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is an 11.1% increase from the prior dividend of $0.18. The dividend will be payable on April 10, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.7 percent.
Independent Bank Corp/MA (Nasdaq: INDB) declared a quarterly dividend of $0.24 per share, or $0.96 annualized. This is a 9.1% increase from the prior dividend of $0.22. The dividend will be payable on April 11, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.4 percent.
Western Asset Mortgage Capital (NYSE: WMC) declared a quarterly dividend of $0.67 per share, or $2.68 annualized. The dividend will be payable on March 31, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 16 percent.
W. P. Carey, Inc. (NYSE: WPC) declared a quarterly dividend of $0.895 per share, or $3.58 annualized. This is a 2.9% increase from the prior dividend of $0.87. The dividend will be payable on April 15, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 5.8 percent.
Chimera Investment (NYSE: CIM) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. The dividend will be payable on April 24, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 11.6 percent.
RCS Capital Corp (NYSE: RCAP) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. The dividend will be payable on April 10, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 2.3 percent.
Resource Capital (NYSE: RSO) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. The dividend will be payable on April 28, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 14 percent.
Anworth Mortgage Asset Corp. (NYSE: ANH) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. The dividend will be payable on April 29, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 10.7 percent. uring the current quarter, the Company elected to discontinue hedge accounting for certain of its interest rate swaps, as it determined these swaps were no longer necessary or effective components of the Company’s asset/liability management strategy. In particular, the assets which these swaps were intended to hedge now have substantially lower principal balances and lessened sensitivity to unexpected rises in short-term interest rates than originally anticipated. These interest rate swaps remain in effect and have not been terminated. In determining the current quarterly common stock dividend, the Company decided to declare a dividend relative to its current earnings excluding the cost of these discontinued hedges and intends to continue to do so in the future. The cost of these discontinued hedges will be approximately $8 million for the quarter ended March 31, 2014. The interest rate swaps for which hedge accounting has been discontinued carry a notional balance of approximately $1.7 billion, an average pay-fixed interest rate of 2.13% and an average maturity of September, 2015. At December 31, 2013, these swaps had a negative fair value of approximately $ -47 million which was reflected in the Company’s book value. Commenting on the increase in the dividend rate, Lloyd McAdams, the Company’s Chief Executive Officer, noted that, “By increasing the dividend to $0.14 per share, shareholders will receive a distribution that reflects the full earning power of the Company’s current portfolio of assets and related active hedges. Also, since the negative fair value of these legacy swaps is already reflected in book value, the increase in dividend distribution should not affect future book value, as it is expected to be offset by an equivalent increase in the swaps’ fair value as they approach maturity.” Strategic Review Committee The Company also announced that its Board of Directors has formed a Strategic Review Committee consisting of solely independent directors. The immediate role of this Committee is to identify individuals and organizations which will participate in the management and execution of the Company’s recently announced diversification program to invest in other types of mortgage and real estate assets through its Qualified REIT Subsidiary and its Taxable REIT Subsidiary. Taxable REIT Subsidiary The Company also announced the incorporation of Anworth Property Services, Inc., a Taxable REIT Subsidiary (“TRS”) that is wholly-owned by the Company. The Company’s TRS will provide the entity through which the Company may participate in various real estate-related activities which would earn profits that the IRS considers to be taxable income. Unlike a REIT, a TRS pays standard corporate taxes on its income earned from these activities in the mortgage and real estate markets which include most real estate related activities other than receiving rent on properties owned and collecting interest on real estate mortgages owned. Examples of these other activities include: the securitization of mortgage loans; mortgage origination; leasing and managing rental properties; and owning properties acquired through the foreclosure process. Appointment of Director The Company also announced that Mr. Charles H. Black, an independent and founding Director on the Company’s Board of Directors (the “Board”), has informed the Board that he will not be standing for re-election to the Board at the Company’s 2014 Annual Meeting of Stockholders due to personal health reasons and not because of a disagreement with the Company. During the past sixteen years, the Company has greatly benefitted from Mr. Black’s wise and experienced advice and he will be missed as a Director. Accordingly, our Board has appointed Mr. Mark S. Maron as a Director Nominee for election at the Company’s 2014 Annual Meeting of Stockholders to fill the vacancy created by Mr. Black not standing for re-election to our Board. Mr. Maron, 58, is a partner with Acre Corporation, a private equity commercial real estate firm located in Pleasanton, California. From September 2005 to December 2007, Mr. Maron was a founding principal of Birchmont Capital Advisors, LLC (“Birchmont”), a real estate private equity firm focused on multi-family properties. Prior to forming Birchmont, Mr. Maron spent 23 years as an investment banker, including 18 years at Credit Suisse, where he ran the firm’s Investment Banking Division in Los Angeles. Mr. Maron served on the board of directors of True Religion Brand Jeans until its sale to a private equity firm in July 2013. Mr. Maron holds a Bachelor of Arts degree from McGill University in Montreal, Canada, and holds a Master of Business Administration degree in Finance from the Wharton School of Business.
Owens Realty Mortgage, Inc. (AMEX: ORM) declared a quarterly dividend of $0.05 per share, or $0.20 annualized. The dividend will be payable on April 14, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.3 percent.
Atlantic Tele-Network, Inc. (Nasdaq: ATNI) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. The dividend will be payable on April 4, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 1.6 percent.
Diamondrock Hospitality (NYSE: DRH) declared a quarterly dividend of $0.1025 per share, or $0.41 annualized. This is a 20.6% increase from the prior dividend of $0.085. The dividend will be payable on April 10, 2014, to stockholders of record on March 31, 2014, with an ex-dividend date of March 27, 2014. The annual yield on the dividend is 3.4 percent.... Read more